Key Highlights
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Dibutyl Phthalate (DBP) prices fell x.xx in early September, failing to overcome the rising feedstock costs.
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A slowdown in the construction sector amid monsoon weather further curtailed demand.
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PVC prices rallied at the end of August, but DBP demand was weak.
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On the demand side, DBP consumption in India was severely stunted by seasonal monsoon activity in the construction sector. Infrastructure projects slowed, and procurement was limited to immediate needs primarily for operations. PVC was stable in export markets, mainly driven by packaging and some infrastructure applications, while affordable domestic housing projects remained limited. The Reserve Bank of India maintained their repo rate of x.xx giving some credit stability, but overall sentiment for the construction-related PVC applications remained subdued. Even a slight upturn in PVC prices late in August did not provide more DBP demand, indicating...
